- The stock price of Sarcos Technology and Robotics Corp (NASDAQ: STRC) increased by over 10% pre-market today. This is why it happened.
The stock price of Sarcos Technology and Robotics Corp (NASDAQ: STRC) increased by over 10% pre-market today. Investors are responding positively to a bullish research report.
Jefferies analyst Stephen Volkmann had initiated coverage of Sarcos Technology and Robotics with a “Buy” rating and $16 price target. The $16 price target imputes a 244.09% upside to the previous closing of the company stock price.
Volkmann noted that Sarcos is developing robotics for augmenting work in non-standard settings. And Volkmann said the technology addresses key demographic and ESG challenges like worker shortages and injuries while driving increased productivity versus unassisted human employees.
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